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Home/News/Crypto PAC Fairshake spends $5.5 million to win Maryland primary for pro-crypto candidate
CoinDesk·6h ago·positive

Crypto PAC Fairshake spends $5.5 million to win Maryland primary for pro-crypto candidate

The Fairshake super PAC spent $5.5 million backing Adrian Boafo, who won his Maryland primary for an open House seat. The group also supported winning candidates in Utah and New York, with $126 million still in its war chest.

  • Fairshake spent $5.5 million on Adrian Boafo, a Maryland Democrat who won his primary for Rep. Steny Hoyer's open seat
  • The PAC also backed Rep. Ritchie Torres (D-NY) with $1.3 million and Rep. Blake Moore (R-UT) -- both won their primaries
  • Fairshake has about $126 million remaining ahead of the November general elections
  • Maryland Sen. Chris Van Hollen criticized the 'obscene amount of big special-interest money' in the race
regulationImpact 6/10
Why our editor rated this positive

Crypto industry's political influence continues to grow with successful primary wins and a massive war chest. More pro-crypto lawmakers advancing signals favorable regulatory environment ahead.

Read the full story at CoinDesk

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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